Dividend

answered 2 days ago

Can I assume ₹50 as EX dividend price .

latest answer

Rs. 50 is the cum dividend price. 50 - 10 (div paid) = Rs. 40 is the ex dividend price

kowselyaa G

CA Inter

★ 2K+

1

17

Supply or Not

asked 2 days ago

Is movement of Cranes considered a supply or service ?

latest answer

No answers yet!!

Harish Chandar T

CA Inter

★ 5

0

23

Cash flow statement

answered 2 days ago

Financial management , study material of ICAI , On page 9.52 of module 2 , illustration 8, in cash flow statement, 50 lakh is subtracted as cash required for increase in stock. Please explain why it is subtracted , as also adjustment is done in making entry in profit and loss account of 420 lakhs of material consumed in year 3 .

latest answer

50 L is increase in stock. (In question they told that the closing stock is expected to go up by same amount as between year 1 and 2)(15L - 10L) Please refer working notes for material consumption (35% of sales)

Anirved Rahatgaonkar

CA Inter

★ 0

1

29

Industrial Training

answered 2 days ago

I have joined Articleship on 29-04-2023 , I will complete 20 months of articleship on Dec 24 and there will be 16 months pending for Articleship and I wish to take 4 months leaves (101 working days ) within 156 leaves allowed. In this scenario Can I join for Industrial Training from Jan 2025

latest answer

I wish to take leave from Aug 2025 to Nov 2025

Sai Vema

CA Final

★ 106K+

1

66

Industrial Training

asked 2 days ago

The period prescribed in Industrial Training 9 to 12 months is including leaves or excluding leaves.

latest answer

No answers yet!!

Sai Vema

CA Final

★ 106K+

0

42

CA FINAl Eligibility

answered 2 days ago

I have registered on Articleship 29-04-2023 makes me eligible to write CA Final exams for Nov 2025 , If I take termination and take gap of 15-20 days to get registsered again , am I eligible to write Nov 2025 ?

latest answer

I think yes

Sai Vema

CA Final

★ 106K+

1

48

Ratio Analysis

answered 1 day ago

Sir In Stock turnover ratio formula when to use COGS & when to use sale.

latest answer

Credit sales

Fathima Hamtha Hussaina

CA Inter

★ 12K+

6

43

Consolidated Financial Statement

asked on 15-May-24 13:39

Video No 23 Illustration 13 Investment in subsidiary is sold. Here investment account is not opened. I am comparing this journal entry with illustration 12.

latest answer

No answers yet!!

swaminathan sundaram

CA Final

★ 110

0

37

Consolidated Financial Statement

answered on 15-May-24 14:05

Video No 22 Illustration 12. When parent is losing control in CFS Investment account is debited for Rs 360000. Normally in CFS we do not show investment account. When control is lost we have to open new account Investment account and it is debited at fair value in this problem. Investment account newly opened as control is lost. Am I correct?

latest answer

Illustration 14 We have not opened investment account. Request your help please in understanding this

swaminathan sundaram

CA Final

★ 110

2

43

Relation of partners to one another

answered 2 days ago

Duty to indemnify for loss caused by fraud section 10 * my question is when one partner commit fraud to the third party who will liable ? * when one partner commit fraud to co partners who will liable ?

latest answer

If one partner commits fraud against a third party, the partnership as a whole is generally not liable unless the fraud was committed in the ordinary course of the partnership's business or with the authority of the other partners. In such cases, the partnership may be held liable for the fraud committed by one of its partners. If one partner commits fraud against the other partners or the partnership itself, the defrauded partners can hold the fraudulent partner personally liable for the loss caused by the fraud.

Ajitha Palaniyappan

CA Foundation

★ 0

1

33